Speaker 1: By from the Bloomberg Interactive Burger Studios. This is Bloomberg
Speaker 1: day Break for Friday, January seven. Coming up this hour,
Speaker 1: the Northeast faces its first major winter storm of the year.
Speaker 1: Wall Street awaits the highly anticipated December jogerport. A top
Speaker 1: feede official weighs in on rate hikes as soon as
Speaker 1: March and game stops surges. On News, it's getting into
Speaker 1: non fungible tokens. Road crews are busy treated streets for
Speaker 1: the snowy morning commute. Plus it's sentencing day in Georgi
Speaker 1: Effrey with three white men in the murder of About Aubrey.
Speaker 1: I'm Lacla bar More, I'm Don Stairs, Sharon's boards. A
Speaker 1: big comeback is shot at the Buzzer and the nixt
Speaker 1: beat the Celtics. The Devil's won the Rangers long. That's
Speaker 1: all straight ahead on Bloomberg day Break on Bloomberg eleven, TREEO,
Speaker 1: New York, Bloomberg Washington, d C, Bloomberg one O six one, Boston,
Speaker 1: Bloomberg nine six, San Francisco, Sirius x M one nineteen
Speaker 1: and around the world Old on Bloomberg Radio dot Com
Speaker 1: and via the Bloomberg Business at Good morning. I'm Nathan
Speaker 1: Hagar and I'm Karen Moscow. SMP Future is higher ahead
Speaker 1: of today's jobs report. We're coming up to five oh
Speaker 1: one on Wall Street, and we check the markets every
Speaker 1: fifteen minutes throughout the trading day. On Bloomberg, SMP Future
Speaker 1: is up five points down, Future is up forty NASAC
Speaker 1: Future is little change, and your treasury down one thirty
Speaker 1: second killed one point seven two percent. The yield on
Speaker 1: the two year point eight seven percent, and Bitcoin this
Speaker 1: morning at forty two three hundred dollars. Nathan, all right, Karen,
Speaker 1: we'll have more on the markets in a minute. First,
Speaker 1: a snowstorm is blanketing the northeast this morning. Let's get
Speaker 1: to the details and how it may affect the roads.
Speaker 1: From Bloomberg Meteorologist Rob Carolyn. Good morning, Rob, Good morning, Nathan.
Speaker 1: The storm that's in the process of developing off the
Speaker 1: coast of southern New England. While it's already brought some
Speaker 1: snow to the district in Baltimore. Though the storm is
Speaker 1: about done there, they'll have very little additional accumulations. In fact,
Speaker 1: the sun will be coming out quickly this morning. New
Speaker 1: York City, hendy additional accumulation is this morning or under
Speaker 1: two inches. The snow should be done in the Tri
Speaker 1: State area by about midday, and as we head up
Speaker 1: into Boston there, the storm is only getting going now.
Speaker 1: We'll be dealing with snow heavy times through the morning
Speaker 1: commute and into the midday hours. It looks like Boston's
Speaker 1: probably gonna receive the highest totals from this storm. Okay, Rob,
Speaker 1: So what kind of accumulations are we thinking we're gonna
Speaker 1: get from this storm? Nathan, No additional accumulations in the
Speaker 1: district of Baltimore and New York City. Anything that falls
Speaker 1: is under two inches this morning, and in the Boston
Speaker 1: area four to seven inches is likely. I'm Rob, Caroline
Speaker 1: Bloomberg daybreak. All right, Rob, thank you, and of course
Speaker 1: we'll be checking in with you throughout the morning. But
Speaker 1: first let's turn to the market. So we're camping off
Speaker 1: a volatile week with a highly anticipated jobs report for December.
Speaker 1: Estimates call for payroll gains of four hundred forty seven thousand.
Speaker 1: Hereth Moras, Bloomberg Economics corresponded Michael McKee. Two questions hang
Speaker 1: over the December payrolls report. Will there be an omicron effect?
Speaker 1: And how will the FEDS see the report in the
Speaker 1: context of policy moves. The survey week was in the
Speaker 1: first half of December, before the COVID variant dominated the
Speaker 1: news or infections. ADP says it didn't affect hiring all
Speaker 1: that much, reporting a big gain in leisure and hospitality jobs,
Speaker 1: but the I s M Services Index suggests services hiring
Speaker 1: slowed during the month. The December fifteen FED minutes released
Speaker 1: this week show policymakers felt then the US was close
Speaker 1: to full employment. If that's ratified by the monthly jobs report,
Speaker 1: it may mean the Fed is ready to start raising rates.
Speaker 1: Michael mckeed Bloomberg Daybreak. All right, Mike, thanks, So when
Speaker 1: it comes to FED policy, St. Louis President Jim Bullard's
Speaker 1: weighing in enforcing the view the rate hikes could start
Speaker 1: this spring. The FENC could also begin raising the policy
Speaker 1: rate as early as the March meeting in order to
Speaker 1: be in a better position to control inflation. Jim Bullard
Speaker 1: made the comments to the c f A Society in St. Louis.
Speaker 1: He's traditionally one of the most hawkish members of the FED. Well, Nathan,
Speaker 1: jobs matter to the FED, but so does the pandemic
Speaker 1: coronavirus cases continue to come in near record highs, and
Speaker 1: testing remains a challenge. Abbit Laboratory CEO Robert Ford tells
Speaker 1: US he's ramping up production of COVID tests. We've seen
Speaker 1: obviously a new variant, pretty highly transmissible variant, in combination
Speaker 1: with a period of the year where there's a lot
Speaker 1: of travel, Thanksgiving and Christmas people wanted to get together. Uh,
Speaker 1: the combination of those two factors really had a pretty
Speaker 1: unprecedented demand here. Abbot CEO Robert Ford says the company
Speaker 1: expects to produce seventy million tests this month. The White
Speaker 1: House in the U. S. Postal Service are making final
Speaker 1: plans to deliver a half billion test hits to household skaren.
Speaker 1: That's according to The Washington Post, which says they want
Speaker 1: to begin shipping tests by the middle of this month.
Speaker 1: An official announcement could come next week. From New York
Speaker 1: to l A. Nathan, major metro areas across the country
Speaker 1: are getting hit hard by COVID. Some of the details
Speaker 1: now from Bloomberg's at Baxter Beginning in Chicago. Almost of
Speaker 1: the city's I you beds are occupied at his canceled
Speaker 1: classes for a third day because of cases and disagreement
Speaker 1: with teachers over COVID tests. Meanwhile, New York City expects
Speaker 1: to have two and a half million more at home
Speaker 1: tests in hand today, but they are going for the
Speaker 1: reopening of schools. In Los Angeles cases of Sideline more
Speaker 1: than eight hundred police and firefighters, and Alaska Airlines cut
Speaker 1: one twenty flights yesterday and according to flight Aware and
Speaker 1: industry wide, almost two thousand flights because of employee illness
Speaker 1: combined with weather in San Francisco. I'm at Baxter Bloomberg
Speaker 1: daybreak all right, and thanks with flights canceled, the travel
Speaker 1: industries under pressure again. Marriott president Stephanie Leonard says, these
Speaker 1: are real challenges, but they won't derail the recovery. And
Speaker 1: while there was bumps from Delta, the business came back
Speaker 1: very clear, very quickly when we got past that variant.
Speaker 1: We're anticipating the same thing with with O Macron that
Speaker 1: we will see some bumps in the recovery, and it depends.
Speaker 1: We have dirty brands in a hundred and forty countries,
Speaker 1: so we'll see some bumps, but we don't think it's
Speaker 1: going to stop the recovery. Marriott president Stephanie Leonards made
Speaker 1: the comments in an interview on Bloomberg Television. Shares of
Speaker 1: Marriott Or trade near an all time high to start
Speaker 1: the year. Kron continues to impact the workplace, Nathan. Bank
Speaker 1: of America is the latest company pushing back return to
Speaker 1: office plans, and we get the story from Bloomberg's Charlie Pillett.
Speaker 1: The company encouraged its US employees to work remotely through
Speaker 1: the week starting January tenth. Does the bank evaluates its
Speaker 1: next move this according to an internal memo the firmhood
Speaker 1: earlier advised workers to stay home through at least this week.
Speaker 1: In the memo, the bank also continued to encourage staff
Speaker 1: to get fully vaccinated and receive booster shots, stopping short
Speaker 1: of implementing a full mandate in New York. Charlie Pellett
Speaker 1: Bloomberg daybreak, All right, Charlie, thank you. In the markets today,
Speaker 1: the turbo charged worlds of cryptocurrencies and memestocks have collided.
Speaker 1: Shares of game Stopper up more than eighteen percent in
Speaker 1: early trading. That's after the company announced plans to launch
Speaker 1: a market place for non fungible tokens by the end
Speaker 1: of the year. The company is also in talks with
Speaker 1: crypto and blockchain companies about which tokens could be used
Speaker 1: on the form. SMP futures are up five points. Staff
Speaker 1: futures of forty NASTACK futures higher by four points. The
Speaker 1: tenure treasuries little change, the yield one point seven. Looking
Speaker 1: at bitcoin right now trading at forty two four hundred dollars.
Speaker 1: Straight ahead, your latest local headlines and a check of sports.
Speaker 1: This is Bloomberg five oh seven on Wall Street. It
Speaker 1: is snowing degrees in Central Park. We've got a lot
Speaker 1: of jack knife tractor trailers already with this storm coming down.
Speaker 1: Peter Van is at a crucial traffic report coming up
Speaker 1: for you in just a few minutes. First Michael Barr
Speaker 1: with what else is going on in New York and
Speaker 1: around the world. Good morning, Michael, Good morning, Nathan. Bards
Speaker 1: of the Tri State area are under a winter storm morning.
Speaker 1: The fast moving system is expected to dump three to
Speaker 1: six inches of snow by the end of the morning,
Speaker 1: but it will make the commute a mess. As you've
Speaker 1: already heard, emergency preparations are underway, but with record COVID
Speaker 1: cases and isolation rates, some departments are working at a
Speaker 1: disadvantage against the incoming weather. Edward Grayson, the commissioner of
Speaker 1: New York's Department of Sanitation, says he believes they'll have
Speaker 1: enough staff to prepare for the storm, but they'll have
Speaker 1: to extend shifts and work around current shortages, just like
Speaker 1: all the every other city. And see, we've been definitely
Speaker 1: hit hard in this recent wave and up taking COVID cases.
Speaker 1: Right now, we're about staffing outage sanitation to mission of
Speaker 1: Grayson says, for now they will be operating in twelve
Speaker 1: hours shifts. It is sentencing day for three white men
Speaker 1: convicted of murder in the deadly Chasen shooting of Ahmad Aubrey.
Speaker 1: In November. A Georgia jury found father and son greg
Speaker 1: and Travis McMichael and their neighbor William Bryan, guilty of
Speaker 1: murder and other crimes in the February killing of the
Speaker 1: twenty five year old black man. University of Georgia law
Speaker 1: chair Emeritus Ron Carlson says Superior Court Judge Timothy Walmsley
Speaker 1: has limited options because murder carries a mandatory life sentence
Speaker 1: in Georgia. The judges options are very narrow, but these
Speaker 1: are very important distinctions. Does he levy a sentence of
Speaker 1: life without parole or life with parole? Carlson with the
Speaker 1: University of Georgia says the jury's verdict sent a message
Speaker 1: that vigilante justice will not be tolerated. Former New York
Speaker 1: Governor Andrew Cuomo is set to make a virtual appearance
Speaker 1: today before an Albany judge. Prosecutors are moving to dismiss
Speaker 1: the only criminal charge filed against the Democrat in connection
Speaker 1: with the sexual harassment allegations that drove him from office.
Speaker 1: Accused Cuomo of groping an aid in the executive mansion
Speaker 1: in December of eight months before he resigned. Online sports
Speaker 1: betting in New York is a day away from reality.
Speaker 1: The New York Gaming Commission says that it has approved
Speaker 1: mobile operator licenses for Caesar's Draft Kings, Fan Duel and
Speaker 1: bet Rivers Rushed Streets Interactive. They can begin taking wagers
Speaker 1: as of nine am local time Saturday. Global News twenty
Speaker 1: four hours a day on a r and on Bloomberg Quicktake,
Speaker 1: powered by more than seven journalists analysts more than a
Speaker 1: hund twenty countries. I'm Michael Barr, this is Bloomberg. Nathan
Speaker 1: Thank you Michael. Almost five ten on Wall Street, time
Speaker 1: for the Bloomberg Sports up take, good morning John's Statshop,
Speaker 1: Good morning Nathan, and absolutely epic game at the Garden.
Speaker 1: This game had everything. A big comeback Knicks trail the
Speaker 1: Celtics by twenty five, and the first half they were
Speaker 1: still down by eight team in the third quarter. A
Speaker 1: tremendous individual performance the ex Celtic Kevin Fournier, who had
Speaker 1: already had two thirty two point games roses Boston, went
Speaker 1: for a career I forty one. He tied a Knicks
Speaker 1: record with ten three pointers. And this game had an
Speaker 1: amazing finished fourth half. Court left one point five ago
Speaker 1: a tie game and one of five to Barrett one
Speaker 1: triple right away, freak for the win, Bank for is
Speaker 1: good one. He backed in Barrett backed in in, had
Speaker 1: the Nicks trip one football game at the Buzzer and
Speaker 1: called it on w EPN. Barrett, who had scored thirty
Speaker 1: two the other night, was having a bad game. He
Speaker 1: had shot three or fourteen before hitting that game winner.
Speaker 1: These two teams play again tomorrow night in Boston, and
Speaker 1: let's play Milwaukee tonight in Brooklyn, which means Kyrie Irving
Speaker 1: cannot play due the vaccine mandate. You gotta wait until
Speaker 1: the next road game, which is Monday in Portland. The
Speaker 1: Rangers on the road for five straight games. Not a
Speaker 1: good start for the trip. Five one loss in Vegas.
Speaker 1: Rangers only had nineteen shots on goal. Devil's beat Columbus
Speaker 1: three to one. Jack news In on all three a
Speaker 1: goal plus two assists. Eric Schabez, just hired to be
Speaker 1: the Yankees assistant hitting coach, has already resigned. He got
Speaker 1: a better job as the Mets hitting coach. Season finales
Speaker 1: with the Giants and Jets Sunday, the Giants limped to
Speaker 1: the finished host in Washington. Patriots fans will root for
Speaker 1: the Jets to upset the Bills in Buffalo. New England
Speaker 1: needs a win in Miami and a Buffalo loss to
Speaker 1: win the a f c NS. John stash Award, Bloomberg Sports,
Speaker 1: Nathan thank you, John SMP futures up eight points, Stown
Speaker 1: futures up forty eight NASTAC futures up twenty five points.
Speaker 1: The tenure Treasury little change, the yield one point seven
Speaker 1: two percent ahead of the December payrolls report. Will look
Speaker 1: ahead to it with bems in your economist Jennifer Lee
Speaker 1: just to have this is Bloomberg Bloomberg eleven three oh
Speaker 1: whether it's snowing, went to weather Advisory till noon today
Speaker 1: with behind your thirty five mostly sunny, low thirties. Tomorrow
Speaker 1: will be near forty on Sunday with rain twenty nine
Speaker 1: degrees in Central Park markets. Headlines and breaking news twenty
Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg
Speaker 1: Business Out and at Bloomberg Quick Take. He's a Bloomberg
Speaker 1: Business Flash and I'm Karen Moscow Futures hire ahead of
Speaker 1: today's jobs report, and we check the markets every fifteen
Speaker 1: minutes throughout the trading day on Bloomberg Guess and p
Speaker 1: futures up eight points down, futures of forty six and
Speaker 1: Nasdaq Future is now higher, up twenty one The decks
Speaker 1: in Germany's down at third of upper sent the tenure
Speaker 1: Treasury that'll change yield one point seven two per cent
Speaker 1: yield on the two year point eight seven percent NIMEX
Speaker 1: Scrude oil is of one percent of eighty four cents
Speaker 1: at eighty dollars thirty cents of barrel comes Gold up
Speaker 1: two tens per cent or three dollars seventy cents at
Speaker 1: seventeen ninety announced the euro one point one three one
Speaker 1: six against the dollar, British pound one point three five
Speaker 1: five three begins at one fifteen point eight to and
Speaker 1: checking Bitcoin this morning moving lower at forty two thou
Speaker 1: three hundred dollars and as a Bloomberg business flash. Now
Speaker 1: Here's Michael Barr with more on what's going on around
Speaker 1: the world. Muchel, Good morning, Good morning, Karen. The Supreme
Speaker 1: Court is taking up two major Biden administration efforts to
Speaker 1: bump up the nation's vaccination rate against COVID nineteen. The
Speaker 1: Justices are hearing arguments today about whether to allow the
Speaker 1: administration to enforce a vaccine or testing requirement that applies
Speaker 1: to large employers and a separate vaccine mandate for most
Speaker 1: healthcare workers. The White House and US Postal Service are
Speaker 1: making final plans to deliver five hundred million coronavirus test
Speaker 1: kits to households. The Washington Post reports of officials seek
Speaker 1: to begin shipments by the middle of January. In the NBA,
Speaker 1: the Next beat the Celtics one oh eight, one oh five,
Speaker 1: The Warriors lost, The Devil's won, The Rangers and Bruins
Speaker 1: lost Global news twenty four hours a day on air
Speaker 1: and on Bloomberg Quick Take, powered by more than twenty
Speaker 1: seven hundred journalist and analysts more than a hundred twenty countries.
Speaker 1: I'm Michael Barr, and this is Bloomberg NACOLN. Thanks Michael.
Speaker 1: It's five nineteen on Wall Street Live from the Bloomberg
Speaker 1: Interactive Broker Studios. This is Bloomberg Daybreak and it is
Speaker 1: Jobs Friday. Here to look ahead to the final payrolls
Speaker 1: report of one with us is Jennifer Lee, senior economist
Speaker 1: at BEMO Capital Markets. Jennifer, good to have you back
Speaker 1: with us this morning. The survey number is forty seven
Speaker 1: thousand new jobs added in December. The whisper number on
Speaker 1: the Bloomberg terminals a half million. Are you looking for
Speaker 1: an upside surprise? Good morning? You know what we are.
Speaker 1: Our fishal call is actually just about three hundred thousand
Speaker 1: and uh. I think the ADP report that I was
Speaker 1: out on Wednesday may have um push expectations up with
Speaker 1: its sizeable eight hundred seven thousand increase, but you know
Speaker 1: that sometimes throws everyone for a loop. UM. I think
Speaker 1: anything over three hundred thousand would be considered a decent
Speaker 1: enough number to keep the FED UM on its current
Speaker 1: path right now. But you know, I kind of feel
Speaker 1: like it's almost like roundhog Day, you know, and in
Speaker 1: many respects, you know, because month after month we're always
Speaker 1: looking for some sort of a gain in jobs to
Speaker 1: help us determine which way the FED is gonna what
Speaker 1: the Fen's gonna do, we're not gonna do. And I
Speaker 1: feel like things are a little bit different now with UM,
Speaker 1: with with the Central Bank being more aggressive, and with
Speaker 1: que ready to be put to bed in March, and
Speaker 1: I think this will all make the March meeting live. Well,
Speaker 1: what makes you lower than consensus? What are you looking at?
Speaker 1: I think that's just the fact that you know, there
Speaker 1: is still a lot of hesitation on on on returning
Speaker 1: to the workforce UM. But of course, at the same time,
Speaker 1: you know you've got you're being entice, but you know
Speaker 1: the fact that you know you need a job, and
Speaker 1: and there's all these different options out right now, for
Speaker 1: with many employers offering a lot more incentives, a lot
Speaker 1: more you know, higher salaries, more vacations, more benefits, and
Speaker 1: all that jets entice you over because there is such
Speaker 1: a shortage right now. But I think, you know, and
Speaker 1: if if we again, I think threehund thousand is nothing
Speaker 1: is maybe below consensus, but I think it's still considered
Speaker 1: a pretty sizeable game. So then, are you looking for
Speaker 1: evidence of wage inflation in this report? We are, I mean,
Speaker 1: we're that's uh definitely one of one of the factors.
Speaker 1: And again that's the probably gonna be the biggest thing,
Speaker 1: uh that will again bring UM workers back into into
Speaker 1: the labor force. And we are starting we have been
Speaker 1: seeing that months after months. Um, we're seeing that in
Speaker 1: other indicators as well, just you know, just the broader
Speaker 1: Personal Income survey with wages and salaries and of course
Speaker 1: the e c I as well. And you know, when
Speaker 1: you see all that we read about, all the anecdotes
Speaker 1: that we see from the I s M surveys that
Speaker 1: we saw this week, you know, um, again the biggest
Speaker 1: complaint is still tons of shortages of not just materials
Speaker 1: and widgets, but there's just you know, no let up
Speaker 1: in and in shortages of people or human beings and uh,
Speaker 1: you know, to quota a famous singer, you know there
Speaker 1: are people who need people. Yeah, where are you seeing
Speaker 1: some of the biggest sectors that are showing evidence of
Speaker 1: slack in the market. I think, you know, especially King
Speaker 1: looking at the the labor of the you know, like
Speaker 1: the leisure at hospitality for example, that's still an area
Speaker 1: that you know that is still seeing a lot of
Speaker 1: um um shortages of workers. And that's where you know
Speaker 1: what you're getting me themum wage and you know, helping
Speaker 1: like lifting wag the minimum wage would help obviously, but
Speaker 1: you know, it's just it's not it's not an easy job,
Speaker 1: especially now with COVID and being um enforcing, masks wearing
Speaker 1: and that sort of thing. So that's where you're going
Speaker 1: to see a lot more employers trying to lift wages
Speaker 1: even further just to bring workers back. So are you
Speaker 1: looking for real evidence that there may be an O
Speaker 1: Macron effect on the labor market given how many people
Speaker 1: might still be on the sidelines. I think we're going
Speaker 1: to see at least the first emergence of the strain
Speaker 1: during this reporting period, right. Um. I don't know how
Speaker 1: it might be a bit early for for this reporting period,
Speaker 1: but I think for sure it's definitely going to be
Speaker 1: showing up. I think you'll probably show up more in
Speaker 1: the January reports. You know, so we'll get the numbers
Speaker 1: and of course in early February, but for sure, you know,
Speaker 1: the COVID in general, if he has his fingerprints all
Speaker 1: over this, all over all the economic reports, and I
Speaker 1: don't think that's going to be going away anytime soon unfortunately.
Speaker 1: So in our last minute here, if we get a
Speaker 1: lower than expected number, what could that mean for the
Speaker 1: FEDS policy path? Well, I will always be looking of
Speaker 1: me Obviously the headline is always very important, but I
Speaker 1: always like to look at the revisions and that sort
Speaker 1: of gives you, like the broader look on on the
Speaker 1: overall labor market, and you know so far, you know,
Speaker 1: if you've got you he has upward revisions. Um, if
Speaker 1: you've got you know, decent gains and across all sectors,
Speaker 1: you know, I think that would still reflect overall a
Speaker 1: strong labor market. And right now I think for the
Speaker 1: Federal Reserve it's almost looking for a reason not to
Speaker 1: raise rates earlier than expected. But again, if it's strong,
Speaker 1: I think it's would be a great result and win
Speaker 1: for everyone. And according to BMO, three hundred thousand would
Speaker 1: be a strong number. Jennifer Lee, Senior Economists, BEMO Capital Markets. Again,
Speaker 1: thanks for your insights ahead of the release of the
Speaker 1: December payrolls report, coming out just about three hours from now.
Speaker 1: Of course, we will have full coverage throughout the day
Speaker 1: here on Bloomberg Radio and live reaction from Labor Secretary
Speaker 1: Marty Walsh that's coming up later on this morning after
Speaker 1: the release of the payrolls reports, so tune back into
Speaker 1: Bloomberg Radio and check it out on Bloomberg Television once
Speaker 1: that interview comes around. In the meantime, SMP futures are
Speaker 1: up almost nine points, stal future is up fifty one,
Speaker 1: NASTACK futures higher by twenty seven points. No change to
Speaker 1: the tenuere Right now, the yield is at one point
Speaker 1: seven to per cent. You're listening to Bloomberg Daybreak Bloomberg
Speaker 1: eleven three oh Weather is winter weather advisory till noon
Speaker 1: today with another inch or so snow possible on your
Speaker 1: thirty five degrees sunshine tomorrow, low thirties rain and a
Speaker 1: high near forty on Sunday. Broadcasting live from the Bloomberg
Speaker 1: Interactive Broker Studio in New York, Bloomberg Elving Free to Washington,
Speaker 1: d C. Bloomberg to Boston, Bloomberg one O six one
Speaker 1: to San Francisco, Bloomberg sixteen, to the country Sirius XM
Speaker 1: Cho one nineteen and around the globe to Bloomberg Business
Speaker 1: apt in Bloomberg Radio dot Com. This is Bloomberg Daybreak.
Speaker 1: It's five thirty on Wall Street. Good morning. I'm Nathan
Speaker 1: Hager and I'm parin Moscow and we're just about four
Speaker 1: hours away from the open of US trading. Let's get
Speaker 1: you have to date on the news you need to
Speaker 1: know at this hour. Snow is blanketing the Northeast this morning.
Speaker 1: We got more on that coming up with Bloomberg Meteorologist
Speaker 1: Rob Caroline. But first, futures are higher ahead of the
Speaker 1: December jobs report. Economists are forecasting a rebound from last
Speaker 1: month with the gain of four hundred forty seven thousand jobs.
Speaker 1: Begin more from Bloomberg's Vine del judas US payroll broke.
Speaker 1: Mr Wall Street forecasts in November with a tepid game
Speaker 1: just two hundred ten thousand, the weekest showing since December twenty.
Speaker 1: Bloomberg Economics says the COVID nineteen Murcroun variant could weigh
Speaker 1: on the December data. At the same time, weekly jobless
Speaker 1: claims remained near a half century low, running at two
Speaker 1: hundred seven thousand, and US job openings have been running
Speaker 1: at all time High's Bloomberg Daybreak, al Right, Vinnie, thanks traders.
Speaker 1: We'll be watching that job's data for any hints on
Speaker 1: future FED policy. St. Louis FED President Jim Bullard's weighing in.
Speaker 1: He says the Central Bank could start hiking rates as
Speaker 1: soon as March. Well, Nathan, The FEDS also watching the
Speaker 1: pandemic as COVID cases continue to come in near record high.
Speaker 1: Testing also remains an issue, and now the Washington Post
Speaker 1: reports the White House is working on a plan to
Speaker 1: deliver five hundred million test kits to households. Turning to
Speaker 1: markets today, Karen shares of game Stopper up eighteen percent
Speaker 1: in early trading. Bloomberg News has learned the company plans
Speaker 1: to launch a marketplace for non fungible tokens by the
Speaker 1: end of the year. We get more from Bloomberg's Charlie Pellett.
Speaker 1: The source says it's in talks with crypto and blockchain
Speaker 1: companies about which tokens could be used on the nf
Speaker 1: team marketplace. It's also said to be discussing with partners
Speaker 1: the potential for creating a number of funds of up
Speaker 1: to one hundred million dollars each to invest in n
Speaker 1: f T content creators and gaming companies over the last
Speaker 1: few months. The source says game Stop has assembled a
Speaker 1: team of more than twenty people that's focused on the
Speaker 1: crypto related push in New York. Charlie Pellet Bloomberg Daybreak,
Speaker 1: All right, Charlie, thank you, and Bitcoin is falling this morning.
Speaker 1: This latest slide has the digital token now trading as
Speaker 1: lowest levels in September. It's off about forty from its
Speaker 1: record reached in November, and checking Bitcoin right now, it's
Speaker 1: at about forty two thousand, three hundred dollars. That's down
Speaker 1: about one point eight per cent. Futures are higher, as
Speaker 1: we said, SMP future is up twelve points down Future
Speaker 1: is up sixty six. Nasday futures up forty eight and
Speaker 1: the tenure Treasury down one thirty second. The yield one
Speaker 1: point seven two percent. They yield on the two year
Speaker 1: point eight seven percent, and NIMEX screwed oil is up
Speaker 1: one percent or eighty four cents at eighty twenty nine
Speaker 1: cents of barrel Straight to head your latest local headlines
Speaker 1: plus a check of sports and the snow. This is
Speaker 1: Bloomberg Wall Street. It is snowing, yes, in the twenty
Speaker 1: nine degrees in Central Park and a lot of crashes
Speaker 1: as you can imagine. Peter Van's got the details shortly.
Speaker 1: First Michael Barr with more on the forecast and what
Speaker 1: else is going on in New York and around the world.
Speaker 1: Michael oh Nathan E. Gads. The snow weather is impacting
Speaker 1: the Tri State area. In New Jersey, Governor Phil Murphy
Speaker 1: has declared the state of emergency. Winter store Mornings have
Speaker 1: also been issued for Long Island and in Connectic Get
Speaker 1: the Governor need Lamot has closed state offices. Let's get
Speaker 1: a look at the weather system that's causing headaches with
Speaker 1: Bloombird meteorologist Rob Carol. Michael, the snow across the Tri
Speaker 1: State area will taper off an end around midday. It's
Speaker 1: already ending down around the Washington area and that trend
Speaker 1: will work its way towards the north and east this morning. Again,
Speaker 1: the worst of the weather is going to be off
Speaker 1: to our north and east, out out towards New England,
Speaker 1: where they could see over half a foot in some spots.
Speaker 1: How much of the tri state area, picking up a
Speaker 1: couple of inches and again improving conditions for the afternoon.
Speaker 1: I expect the afternoon commute to be much better than
Speaker 1: this morning's, Michael, Thank you very much. Rob Emergency preparations
Speaker 1: are in a way to get the streets in shape
Speaker 1: because of the winter weather. New York Sanitation Commissioner Ed
Speaker 1: Grayson says the city is well prepared for the snow
Speaker 1: in the end of the day. We have a very
Speaker 1: robust number of staff to be able to man all
Speaker 1: of off, a full soft spread of compliment, a large
Speaker 1: number of clows on extended tours. We're gonna shift our
Speaker 1: operation at two twelve hour days. Ed Grayson of New
Speaker 1: York's Sanitation Department says they're ready to spite a staff
Speaker 1: shortage due to COVID. Classes in Chicago were canceled for
Speaker 1: a third consecutive day. It meant an ongoing fight with
Speaker 1: the teachers union over remote learning and other COVID nineteen
Speaker 1: safety protocols. Three white men convicted of murder in the
Speaker 1: deadly chase and shooting of Amad Aubrey are due back
Speaker 1: in court for sentencing today. Georgia Jury and November found
Speaker 1: father and son greg and Travis McMichael and their neighbor
Speaker 1: William Bryan, guilty of murder in the February of the
Speaker 1: twenty five year old black Man. University of Georgia Law
Speaker 1: chair Emeritus Ron Carlson says it's likely the judge already
Speaker 1: has an idea of what the sentence will be. The
Speaker 1: jury's vertice sent a message that visual handed justice will
Speaker 1: not be tolerated, and the chances are the judge will
Speaker 1: reinforce that message. Emeritus Ron Carlson says it's unclear whether
Speaker 1: the McMichael's and Brian will speak publicly during sentencing. The
Speaker 1: mandatory minimum is life in prison in Georgia. Representative Adam
Speaker 1: Kinzinger of Illinois, only one of two Republicans on the
Speaker 1: House elect Committee investigating the January sixth capital attack reflected
Speaker 1: on that day, Kinzinger told Bloomberg's Joe Matthew the Republican
Speaker 1: Party divide could get worse. I think leaders had an
Speaker 1: opportunity after January six to stand together and actually do
Speaker 1: what the title says, to lead and say, look, this
Speaker 1: election wasn't storn. Representative Kinzinger also says President Biden's speech
Speaker 1: and outrage against the January sixth attack was necessary. Kazakhstan's
Speaker 1: president declared that order had largely been restored in his
Speaker 1: country following efforts to suppress mass protests that erupted over
Speaker 1: fuel price increases. Dozens of people were killed, including twelve
Speaker 1: police officers. Russia and its allies dispatched troops to help
Speaker 1: quill the demonstrations. Space Act has launched its next batch
Speaker 1: of Starlink Internet satellites, the Falcon nine rocket. It left
Speaker 1: from Florida's Kennedy Space Center last night. Global News twenty
Speaker 1: four hours a day on air and on Bloomberg Quick Take,
Speaker 1: powered by more than twenty seven hundred journalists and analysts
Speaker 1: more than a hundred twenty countries. Michael Barr, this is Bloomberg, Nathan.
Speaker 1: Thank you, Michael. Going up to thirty seven on Wall
Speaker 1: Street time for the Bloomberg Sports Update with John Sasha
Speaker 1: Alright Anthon Nixon. Celtics opened the season with a double
Speaker 1: overtime Nicks went at the Garden. Their game last night
Speaker 1: may have topped that one for drama. Knicks trailed by
Speaker 1: as much as twenty five. They didn't think their first
Speaker 1: lead until just over two minutes to play. The Celtics,
Speaker 1: Jason Tatum hit a game giant shot with a second
Speaker 1: and a half ago. Look like overtime again. R J.
Speaker 1: Barrett banked in a three pointer at the buzzer Nicks
Speaker 1: one eight, one oh five. You know Jason's so tall,
Speaker 1: but uh yeah, I mean every time about you, I
Speaker 1: think it is doing in That was crazy. Honestly, didn't
Speaker 1: even I didn't even really see it because I fail
Speaker 1: I even see you go in. But just from everybody
Speaker 1: else's reaction, you know what I can tell us that
Speaker 1: cool Parrot had thirty two points the other night. He
Speaker 1: had shot only three or fourteen before that. Game winner.
Speaker 1: Evan Fournier, who didn't score a single point in that
Speaker 1: went over Indiana, erupted last night a career li forty
Speaker 1: one points, tied a Knick's record with ten three forinners,
Speaker 1: made ten of fourteen in three games against his former
Speaker 1: team this season, four averaging thirty six. Tatum led Boston
Speaker 1: with thirty six. Same two teams again tomorrow night in Boston.
Speaker 1: Next tonight host Milwaukee. The Rangers lost five one in Vegas.
Speaker 1: Chris Tryder the lone Ranger, goals twenty one. The Devil's
Speaker 1: beat Columbus three to one Jack Music goal and two
Speaker 1: assists on the day Tampa Bay officially released Antonio Brown.
Speaker 1: The back and forth continues over what led the Brown's
Speaker 1: meltdown last Sunday had met life when he left the field.
Speaker 1: Brown says he was injured and couldn't play. His coach,
Speaker 1: Bruce arians Now says Brown was upset that he wasn't
Speaker 1: getting the ball thrown to him, hurting his chances to
Speaker 1: meet incentive clauses in his contract. John Stash award Bloomber
Speaker 1: Sports Satan Think Sean It's thirty on Wall Street time
Speaker 1: for the Tri State Business Report with Bloomberg's d Corey.
Speaker 1: The New York Times has agreed to buy The Athletic,
Speaker 1: acquiring a sports news website with more than a million subscribers.
Speaker 1: The newspaper publishers paying five hundred fifty million dollars for
Speaker 1: The Athletic, which will remain the stand alone product. The
Speaker 1: deal is expected to close by the end of March.
Speaker 1: New York State will spend five hundred million dollars building
Speaker 1: up ports and manufacturing infrastructure for offshore wind farms, and
Speaker 1: a bit to become home base for the nascent industry.
Speaker 1: The investments announced Wednesday by Governor Kathy Hoko will focus
Speaker 1: on building the supply chain for offshore turbines, which can
Speaker 1: provide clean power to a densely populated coast. Meanwhile, Hoco
Speaker 1: wants the Empire State to keep the party going on indoors, outdoors,
Speaker 1: and on the sidewalk. The Governor Wednesday asked lawmakers to
Speaker 1: permanently legalize the sale of to go alcoholic drinks to
Speaker 1: keep bars and restaurants afloat. That you Bloomberg try State
Speaker 1: Business Report. I'm Ed Corey. Thanks that It's thirty nine
Speaker 1: on Wall Street. Bloomberg Radio is on the air from
Speaker 1: San Francisco to New York, London to Hong Kong. Let's
Speaker 1: check in with our global news team for some of
Speaker 1: the top stories heard on our three hundred affiliate radio
Speaker 1: stations around the world. I'm Gina Servetti and for w
Speaker 1: b B, I'm in Chicago. The CEO of Abbott Labs
Speaker 1: talks about the company's efforts to ramp up production of
Speaker 1: COVID nineteen tests. I'm Corney Donahoe on cafabian Omaha dear
Speaker 1: expects a slow rollout if it's automous tractors this year.
Speaker 1: I'm Caroline headfil whom my dab digital radio into We're
Speaker 1: putting on E d F switching off the loss of
Speaker 1: its nuclear power plants at Humpterston in Scotland in the
Speaker 1: midst of a UK power crunch. I'm in Corey on
Speaker 1: w w J in Detroit. I'm reporting Lithium is posting
Speaker 1: heavyweight games thanks to booming electric vehicle sale. Those are
Speaker 1: some of the stories our twenty hundred Bloomberg journalist and
Speaker 1: analysts are working on this morning around the world as
Speaker 1: we await the release of the December payrolls report. The
Speaker 1: final read on the labor market of that's coming out
Speaker 1: at eight thirty Wall Street time. Head of the market
Speaker 1: open at nine thirty Wall Street time. Futures are higher,
Speaker 1: SMP futures up ten points, staff futures up fifty two,
Speaker 1: Net stack futures higher by thirty nine points. The tenure
Speaker 1: treasury yield one seven. This is Bloomer Bloomber eleven three
Speaker 1: oh weather winter weather Advisory till noon. Another inch or
Speaker 1: snow possible this morning with a high in your thirty
Speaker 1: five degrees, mostly sunny, low thirties. Tomorrow, rain and Sunday
Speaker 1: afternoon right now twenty nine and snowing in Central Park.
Speaker 1: Markets headlines and breaking news twenty four hours a day
Speaker 1: at Bloomberg dot Com, the Bloomberg Business at and at
Speaker 1: Bloomberg Quick Tape. He's a Bloomberg Business Flash and I'm
Speaker 1: Karen Moscow. Any Westock Index futures are on the rise
Speaker 1: this morning as the dollar is lower and risk taking
Speaker 1: returns to markets at the end of a turbulent week.
Speaker 1: Investors are weighing u S employment gains against the federal
Speaker 1: reserves policy tightening plans. We checked the markets every fifteen
Speaker 1: minutes throughout the trading day on Bloomberg SMP futures that's
Speaker 1: got eleven points down, futures up fifty three, Nastack future
Speaker 1: is up thirty nine, and the decks in Germany is
Speaker 1: down a tenth of upper cent. The ten year treasury
Speaker 1: down one thirty second. He had one point seven two
Speaker 1: percent yield them at two year point eight seven percent.
Speaker 1: Nine night Screwed oils up one point one percent of
Speaker 1: eighty eight cents at eighty dollars thirty four cents of
Speaker 1: barrel called make schooled. The tenth of upper cent or
Speaker 1: two dollars ten cents at seventy ounce, the Euro one
Speaker 1: point one three oh seven against the dollar British bound
Speaker 1: one point three five four two, the ends at one
Speaker 1: fifteen point eight five and bitcoins moving lower at forty
Speaker 1: two thousand, three hundred dollars. And that employment report is
Speaker 1: out of eight thirty Wall Street time. And that's a
Speaker 1: bloomberg business flash. Now here's Michael Barr with Moore on
Speaker 1: what's going on around the world. Uncle Karen, thank you
Speaker 1: very much. The Northeast is getting a visit from old
Speaker 1: Man winter. New Jersey is under a state of emergency
Speaker 1: because of a winter storm that can dump about six
Speaker 1: inches of snow. Connecticut as closed. State offices in New
Speaker 1: York City is deployed about sixteen hundred plows throughout the city.
Speaker 1: Three white men convicted of murder and George a in
Speaker 1: the deadly chase and shooting of Ammad Aubrey are due
Speaker 1: back in court for sentencing today. Father and son greg
Speaker 1: and Travis McMichael, and their neighbor William Bryan are expected
Speaker 1: to get life in prison. North Korea says it will
Speaker 1: skip next month's Beijing Olympics because of the COVID nineteen
Speaker 1: pandemic and hostile forces moves. Its statement is largely redundant
Speaker 1: since it has already been suspended from the games by
Speaker 1: the I O C. In the NBA, the nixt beat
Speaker 1: the Celtics one of eight, one O five, the Warriors lost,
Speaker 1: the Devil's won, the Rangers and Bruins lost. Global News
Speaker 1: twenty four hours a day on it or and on
Speaker 1: Bloomberg Quicktake, powered by more than twenty seven hundred journalists
Speaker 1: and analysts more than a hundred twenty countries. High Michael
Speaker 1: Barr And this is Bloomberg, Nathan. Thanks Michael. It's nine
Speaker 1: on Wallstreet Life from the Bloomberg Interactive Broker Studios. This
Speaker 1: is Bloomberg Daybreak. We want to get an update now
Speaker 1: on the pandemic as the O macron variant continues to
Speaker 1: rage around the world. Andy Pecosh is with us once
Speaker 1: again this morning, professor of molecular microbiology and Immunology at
Speaker 1: the Johns Hopkins Bloomberg School of Public Health, Dr Pecos.
Speaker 1: We learned overnight that the world has reached three hundred
Speaker 1: million COVID cases since the pandemic began, and we continue
Speaker 1: to see records broken almost by the day when it
Speaker 1: comes to case counts from the O Macron variant, When
Speaker 1: do you think we're going to start to see this
Speaker 1: O Macron wave peak? Really difficult to predict, particularly with
Speaker 1: this variant, because it's really behaving in such a different
Speaker 1: way from other variants in terms of it's really off
Speaker 1: the charts level of transmission, plus the different disease that
Speaker 1: it's causing and the different symptoms that it's causing. So
Speaker 1: u some of the estimates are still there's about a
Speaker 1: ten to fourteen day window right now we should expect
Speaker 1: to see a peek before it starts to go down,
Speaker 1: And if we look at other countries, the reduction in
Speaker 1: cases should go fast as fast as the increasing cases.
Speaker 1: So those are things to be positive about, but it's
Speaker 1: still a little bit too early to make any firm predictions.
Speaker 1: The World Health Organization yesterday was saying, Oh Macron may
Speaker 1: appear less serious, but that doesn't mean it's mild. How
Speaker 1: do you view the severity of this strain? I think
Speaker 1: Oh Macron has really sort of split this pandemic into
Speaker 1: a couple of different populations. I think if you're vaccinated,
Speaker 1: in particular, if you're vaccinated and boosted um, you will
Speaker 1: deal with disinfection. It will seem you'll have some symptoms probably,
Speaker 1: but you should be able to recover within a few days.
Speaker 1: I think if you're unvaccinated, or if you've been previously
Speaker 1: infected and you never got your vaccine, I think this
Speaker 1: is a pretty serious disease. You can still see the
Speaker 1: people that are coming into the hospital with serious disease
Speaker 1: are I'm merely unvaccinated people. So it really depends on
Speaker 1: what you've done to this date in terms of protecting
Speaker 1: yourself from stars Kobe too. If you've gotten some vaccines
Speaker 1: and the booster, you should be able to deal with
Speaker 1: this disease. But if you haven't, this is still a
Speaker 1: pretty serious disease. Are we getting a clear picture about
Speaker 1: hospitalizations caused by COVID, whether it's homocron or any other variant.
Speaker 1: We've heard from the Governor of New York, Kathy Hokel,
Speaker 1: saying hospitals should do a better job of breaking down
Speaker 1: patients who are admitted with COVID as opposed to patients
Speaker 1: who come into hospitals for other things than they find
Speaker 1: out they have COVID after the fact and get included.
Speaker 1: In many cases, it very much depends on the hospital
Speaker 1: system that you go to. I know here at Johns
Speaker 1: Hopkins we do a very good job of sorting out
Speaker 1: both of those populations, because it is interesting to see
Speaker 1: that there are people that come to the hospital for
Speaker 1: other reasons that end up testing positive for COVID nineteen. Again,
Speaker 1: those individuals tend to be vaccinated and boosted and are
Speaker 1: having a very mild infection. But certainly there is a
Speaker 1: major surge in people coming into the hospital strictly because
Speaker 1: of COVID nineteen symptoms and having very severe symptoms. So
Speaker 1: we do need to to to sort those two populations
Speaker 1: out because it's the ones coming in with the severe
Speaker 1: disease that we need to keep track of most diligently.
Speaker 1: I also wanted to ask you about this new study
Speaker 1: that came out yesterday funded by the government, into whether
Speaker 1: vaccines have an effect on women's menstrual cycles, that the
Speaker 1: vaccines can delay periods by up to a day. What
Speaker 1: do you know about this? Is this a cost for concern? Uh,
Speaker 1: It's it's not a cost for concern. It's something that
Speaker 1: honestly hasn't been investigated that carefully. But there are some
Speaker 1: small studies around suggesting that things like an infection or
Speaker 1: a vaccination can sometimes have an effect on a woman's
Speaker 1: menstrual cycle. UM. I know here at Hopkins and in
Speaker 1: several other places there are major studies now going on
Speaker 1: to try to understand this. So it's something that is
Speaker 1: not unheard of, um, but really needs more studies to
Speaker 1: try to understand what this means and what's causing it.
Speaker 1: Only about thirty seconds left here, So it doesn't raise
Speaker 1: any concerns for you about the overall safety of vaccines. No,
Speaker 1: it's just another it's it's a representation of the of
Speaker 1: some of the side effects that we don't really capture well,
Speaker 1: particularly because we need to have a better eye on
Speaker 1: age and gender and biological sex in terms of how
Speaker 1: those things impact our responses to vaccines. All right, thanks
Speaker 1: as always, dr Andy Pecosh of the Johns Hopkins Bloomberg
Speaker 1: School of Public Health, which is supported by Michael Bloomberg,
Speaker 1: the founder majority owner of Bloomberg LP, that is the
Speaker 1: parent company of Bloomberg Radio. Karen Allry, Nathan, thank you.
Speaker 1: It is coming up to five four on Wall Street
Speaker 1: Time for our daily of Bloomberg Law be Reef exploring
Speaker 1: legal issues in the news, and today we're looking at
Speaker 1: the conviction of the Lane Maxwell, she was found guilty
Speaker 1: of engaging in a ten year sex trafficking scheme with
Speaker 1: Jeffrey Epstein. Now a verdict could be overturned because of
Speaker 1: comments from a juror an interview since the verdict, adjuror
Speaker 1: said he was a victim of sex abuse as a
Speaker 1: child and that his story helps sway other members of
Speaker 1: the panel. For more in the case, Bloomberg student Grasshow
Speaker 1: speaks to former federal prosecutor Jessica Roth, a professor at
Speaker 1: Cardoza Law School. Clearly, the questionnaire that the jurors had
Speaker 1: to fill out asks, have your a friend or a
Speaker 1: family member ever been the victim of sexual harassment, sexual
Speaker 1: abuse or sexual assault? So does it seem clear that
Speaker 1: something is wrong. Either he made a mistake on his
Speaker 1: questionnaire or he omitted information to get on the jury.
Speaker 1: So we don't know how he answered that question on
Speaker 1: his questionnaire because it's under steel and it seems unlikely
Speaker 1: that he answered it in a way that disclosed the abuse,
Speaker 1: because if he had, it is likely that the attorneys
Speaker 1: would have asked follow up questions about it. And according
Speaker 1: to the reporting, the transcript of the vardier does not
Speaker 1: reveal any follow up questioning of this particular juror on
Speaker 1: that issue. So that's the jest that he did not
Speaker 1: disclose it on his questionnaire, or that he did disclose
Speaker 1: it but the lawyers didn't catch it. And that's important
Speaker 1: because the court is going to inquire into his possible
Speaker 1: motives for not disclosing it. If the court were to
Speaker 1: determine that he did not disclose it deliberately in order
Speaker 1: to get on the jury, then that would be more
Speaker 1: indicative of harboring some bias and wanting to get onto
Speaker 1: too the jury in order to render a verdict against
Speaker 1: the defendant. Memories and how they relate to sexual abuse
Speaker 1: victims was a contentious point at the trial, and this
Speaker 1: jury said that his personal experience helped convince other jurors
Speaker 1: about the victims memories. How will the judge get to
Speaker 1: the bottom of what happened in deliberations. That's one of
Speaker 1: the more interesting aspects of this new turn in the case,
Speaker 1: which is that although the jurors has suggested in their
Speaker 1: accounts to the media that they brought their experiences into
Speaker 1: the jury room with them and used them to persuade
Speaker 1: other jurors who may have been initially skeptical of the
Speaker 1: victims witnesses credibility. The judge is not going to consider
Speaker 1: evidence about the jury deliberation. That's because there's a federal
Speaker 1: rule of evidence that expressly prohibits a judge from considering
Speaker 1: testimony or an affidavit from a juror about conduct or
Speaker 1: statements that occurred during the jury's deliberation. That's the rule
Speaker 1: of long standing precedence, and it's designed to protect the
Speaker 1: privacy of jury deliberations. The concern is that if jurors
Speaker 1: are not assured of the privacy of their deliberation, that
Speaker 1: they will be less candid. Courts have been willing to
Speaker 1: accept the fact that this rule may result in occasional injustice,
Speaker 1: but they have said that they do not think that
Speaker 1: the jury system could survive efforts to perfect it and
Speaker 1: nas Cardoso Law professor Jessica Roth speaking with Bloomberg's Doing Grosso.
Speaker 1: Catch more of that interview, plus analysis of the latest
Speaker 1: legal news by subscribing to the Bloomberg Law Podcast or
Speaker 1: downloading this show at Bloomberg dot com slash podcast. Attorneys
Speaker 1: can find exceptional legal research and business development tools at
Speaker 1: Bloomberg Law dot com and at the Bloomberg terminal at
Speaker 1: b law Go and again futures are moving higher this morning.
Speaker 1: S and P future is up ten points and down,
Speaker 1: futures up fifty, NASDAG futures up about forty, and the
Speaker 1: ten year Treasury little change. The yield one point seven
Speaker 1: two percent yield them a two year point eight seven
Speaker 1: percent still ahead. On Bloomberg Daybreak, a check on the
Speaker 1: business headlines and all the news you need to start
Speaker 1: your day, And this is Bloomberg